Funds
Japan's NTT launches $500m global VC fund
Japanese telecommunications giant NTT Corporation has set up $500 million global venture capital fund that will focus on digital technologies.
Family offices: Character actors
Family offices are driven by personalities and ideals that cannot be understood as part of an industry pattern. Relationship building is therefore more intimate than transactional
LP interview: Sweden's AP2
Swedish pension fund AP2 could be about to see a significant jump in its private equity allocation. Head of alternatives Anders Strömblad outlines what the organization looks for in prospective portfolio GPs
500 Startups closes Vietnam fund at $14m
500 Startups has closed its Vietnam-focused early-stage VC fund at $14 million, beating a target of $10 million.
PAG confirms $6b close on third Asia buyout fund
PAG Asia Capital has announced that its third pan-regional fund has closed at the hard cap of $6 billion – confirming an AVCJ report from last week.
China's ICBC sets up $200m India venture fund
Industrial & Commercial Bank of China (ICBC) has launched a $200 million fund to invest in Indian start-ups and micro, small, and medium-sized enterprises (MSMEs).
SparkLabs launches $10m Taiwan fund, recruits NBA star
SparkLabs Group, a pan-Asian network of accelerators and global venture funds, has launched a $10 million fund in Taiwan and appointed NBA star Jeremy Lin (pictured) as an advisor.
PAG to make first and final close of $6b on third Asia fund
PAG Asia Capital is set to make a first and final close on its third pan-regional fund on November 15 at the hard cap of $6 billion. The vehicle has been in the market for approximately six months, having set an initial target of $4.5 billion.
India PE outlook: Momentary frights
Investors see potential in India as valuation concerns ease, but exits and the macro picture present challenges in the short term
China's H Capital targets $700m for fifth fund
China-focused venture capital firm H Capital, founded by former Tiger Global managing partner Xiaohong Chen, is targeting $700 million for its fifth vehicle, according to a regulatory filing.
China's Linear Venture closes third fund
China’s Linear Venture has closed its third fund with a renminbi-denominated vehicle of RMB500 million ($72 million) and a US dollar-denominated vehicle of $70 million.
MassMutual sets up $50m Southeast Asia VC fund
US-based Massachusetts Mutual Life Insurance Company (MassMutual) has established a $50 million Southeast Asia-focused VC fund via its in-house financial technology investment unit.
Joy Capital seeks $300m for China opportunity fund
Joy Capital, a Chinese VC firm that spun out from Legend Capital, has launched a domestic opportunity fund with a target of $300 million.
Fenox launches $20m VC fund with Japan's Sega Sammy
Fenox Venture Capital, a VC firm based in Silicon Valley, has partnered with Japanese entertainment company Sega Sammy Holdings to launch a $20 million fund to invest in advanced technologies globally.
Shunwei raises $1.2b for fourth China VC fund
Shunwei Captial Partners, a Chinese VC firm established by Xiaomi founder Lei Jun (pictured), has closed its fourth US dollar-denominated VC fund at $1.21 billion. The firm’s assets under management (AUM) now stand at $3.3 billion across four US dollar...
Insight hits $72m second close on China healthcare fund
China’s Insight Capital has reached a second close on its latest healthcare fund with commitments of RMB500 million ($71.7 million).
Hillhouse, VMG target consumer brands
Hillhouse Capital and VMG Partners, a US-based PE firm focused on the consumer sector, have formed a strategic partnership to invest up to $100 million in innovative consumer brands worldwide.
Funds: GGV continues fund size scale-up
Applying technology to traditional industries is likely to feature prominently in GGV Capital's latest China-US fund, which has closed at $1.88 billion
Asia corporate VC: Company towns
Acceleration of development in the technology space is giving rise to a new generation of corporate VC investors. Building an identity separate from their parents is crucial to the success of these emerging firms
China to relax constraints on insurance participation in PE
China has proposed easing restrictions on insurers investing in private equity, which may help alleviate a significant slowdown in renminbi fundraising.
Korea's BonAngels secures $50m for third VC fund
South Korea-based BonAngels Venture Partners has raised $50 million for its third early-stage fund.
Australia's Acorn raises $39m VC fund
Australia-listed Acorn Capital has raised A$55 million ($39 million) for its first venture capital fund that will make Series B and expansion-stage investments.
CIC to back Japan-China industrial cooperation fund
China Investment Corporation (CIC) has reached an agreement with several Japanese financial institutions to establish a fund that will support Japanese companies looking to expand into China.
Saudi Arabia's PIF commits $500m to China-Russia fund
Saudi Arabia’s Public Investment Fund (PIF) will invest $500 million into the Russia-China Investment Fund (RCIF), a vehicle established in 2012 by China Investment Corporation (CIC) and the Russian Direct Investment Fund (RDIF).